Friday, August 7, 2009

Taylor Bean & Whittaker Suspended By FHA

The Federal Housing Administration citing irresponsible lending and failure to file required financial reports suspended TBW from participation in FHA programs. This impacts not only TBW but many lenders who went to them for funding.

Where will the Correspondent Lenders go with FHA's suspension of TBW for funding? MortgageDataWeb has a report showing Taylor Bean & Whittaker's Top Correspondent Lenders for 2009. These companies are now in the market for new funders as well as many other TBW Correspondent Lenders that didn't make the Top 15. Contact MortgageDataWeb to see who some other Correspondent Lenders that may be impacted by TBW's suspension.

2 comments:

Mortgage Nostalgia, Miami Style Looking back four years ago, the market share report data on the above conventional mortgages to buy the Miami metropolitan area in April 2005 to June 2005. This was a busy time for the real estate boom and the rush hour in subprime. It 'been a good time to be an originator of the loan. The lender must report the names of nearly a list of which went to the cemetery. Eight of these companies are no longer in business. Two of the four major banks merged mega-banks. Note: In some parameters, such as adjustable rate mortgages, total originations, or the proportion of loans to value loans. Today, most mortgages rarely a high incidence of adjustable rate mortgages and high loan to value ratios.Mortgage Rate